In Spain it is a legal requirement for a bank guarantee to be in place when you pay your deposit.

Antonio Flores is taking over recovery cases for IAP members. IAP’s recommended lawyers “Plus Advisors” have handled these cases for the past 6 years ago and significantly they have failed to recover a single person’s money in all this time. Within 3 months of taking these cases on, Mr Flores has obtained an out of court settlement, and been able to return a members deposit money, plus won an award for 8,000 euro interest on that money. You may contact me for Antonios details.

Court of Appeal decision

In February 2012 the Alicante Court of Appeal upheld the finding that Plus Advisors were guilty of professional negligence for failing to obtain bank guarantees and for failing to advise clients of the banks obligations to them.

If 3 years ago you had known your legal rights in Spain you too may have chosen to sue Plus Advisors for your losses.

This may explain why Plus Advisors never mentioned bank guarantees as a means of recovery, and why they continuously misinformed people as to their rights and prospects. It also explains why Plus Advisors were so keen to bring developers to their meetings to sell you even more property!!! Or sell you the inappropriate ‘insolvency’ solution (A partial 5 year IOU from a failing developer), instead of offering you the far stronger opportunity to recover deposits under a general bank guarantee. To make matters worse, bank guarantee holders who agreed to the insolvency on Plus’ advice, have unwittingly complicated their claims.

What to do now

The bank guarantee, for most people, still offers the best opportunity to recover deposit funds plus interest. Most people we have spoken to would also seem to have a strong case of negligence against Plus Advisors albeit with a lessor opportunity for recovery.

 

Spain

Deposit Recovery Spain

IAP told members the large deposits paid in Spain were safe and protected bank guarantee, so did the “law firm” IAP recommended: ‘Plus Advisors’.

BUT when the build did not take place and people asked for their money back they were shocked to be told the promised bank guarantee was not in place and their money had been “lost”.

Court of Appeal decision

In February 2012 the Alicante Court of Appeal upheld the finding that Plus Advisors were guilty of professional negligence for failing to obtain bank guarantees and for failing to advise clients of the banks obligations to them.

BUT you do have a chance to get your money back.

During the Summer I spoke to more and more people about the deposits they had lost in Spain at La Fortuna Golf and other IAP developments.

‘Plus Advisors’ were the law firm IAP had recommended to their members, BUT ‘Plus Advisors’ had failed to safeguard members interests and failed to make sure people’s deposits were safe.

I began a process of speaking to several independent law firms qualified to act in this area and cross referenced the responses that I received. I chose a Lawyer Antonio Flores who has had recent, well documented experience of successfully suing banks on behalf of UK investors who were the victims of mis-selling. This case was reported in The Telegraph in August you may have even have read it.

When I spoke to Antonio Flores of Lawbird he was very surprised that exchange had been carried out without bank guarantees in place. He was also bemused by the explanations that were offered for this failure.

The thing that shocked me most was when Mr Flores told me that Plus Advisors are not even a registered law firm! They are not registered with the law society.

For members who are interested this Antonio Flores has put together a “legal assistance package”.

Mr Flores is well known for supporting Brits who got caught out in Spain, he recently won a ground-breaking case which was reported by The Telegraph. More recently his cases have been reported in The Mail.

For a single fee Antonio Flores will pursue the return of your money through 4 courses of action:

I have reviewed this offer with some UK solicitors and as a result of their feedback I am happy to recommend it to you.

You may register your interest here; so I can send you details of this Antonio Flores and his law firm Lawbird:

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